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How much will account be worth at the end

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Reference no: EM132623810

Problem 1: You deposit $1,000 at the end of the year in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years?

Option 1: $2245.08

Option 2: $2363.24

Option 3: $2481.41

Option 4: $2605.48

Option 5: $2735.75

Reference no: EM132623810

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